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tv   [untitled]    July 28, 2011 6:01pm-6:31pm EDT

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it has been confirmed to us that's in case belgium would speed up then one would be welcome in france. the biggest party in the northern half wants a split two experts say bill james already divided people don't know any more about the other half of the country the flemish people don't know who are the popular singers or writers today in the french speaking part of vice versa king albert spheres bill james national day last week was its last he added the crisis threatens not just every belgian but european integration itself because we knew all the e.u. skeered that the divorce of belgium will spark of the rest of europe catalonia leaving spain scotland leaving britain we're already seeing separatist marchers in mixed community towns here turned violent with guns getting pulled to take just one big clash for brussels to become serial that's conflicts or a must killing not suffered in europe since world war two neighbors turned on each
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other as you could slove a broke up and the determination of regional identity is not to be underestimated frige unionists say they have the flag and everything else worked out to become france's twenty eight region all that's left are the details the new bush will see brussels. the un security council is holding an urgent meeting is said is request into the flaring violence in northern course of fresh clashes began one course of a police seized a disputed border checkpoints to prevent the transit of goods from somebody and said which dominate north and of course that i were outraged by the moon with you destroying one of the checkpoints and nato peacekeepers moved in to stop the violence by the situation room and it remains tense and political analysts said xander pov it great that serves shouldn't be treated as an offering ging minority learns they still regard as their own. they're trying to they're trying to enforce
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some unilateral moves in order to change the reality on the ground to change the reality as it was as it is under. u.n. resolution security council resolution twelve forty four always still is the session is for public so in other words the serbs tore down in kosovo still believe themselves to be part of serbia and they're acting in that capacity now the western states mostly nato states that have recognized kosovo or treating them as a minority and the other had states that have not recognized kosovo independence and not treating serves as a minority but are seeing them as having equal rights as all other citizens of serbia but we must remember that the key to the situation in kosovo is really in nato hands they control militarily the entire province so really whatever happens down there is under their control and it's something that they will tolerate or not tolerate and we must also remember what happened yesterday
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with the burning of the border checkpoint we still don't know who actually did it these were masked men it really could have been any nationality we don't know whether they were serb albanian or french or even american we just still don't know that. this is us here still to come on the program america's burgeoning debt is causing companies to content run. we are people here that have worked here all of their lives in a losing jobs left and right because somebody on top wants to make a buck and pay the cheapest possible way takes to leaving former employees in this state stranded jobs. are leaving the rebels lose their leading military commander has doubts about which side carried out their fascination. germany's finance minister has warned that he will not be allowed every troubled eurozone country and stressed that in the future similar hands out will be strictly restricted and he statement echoed chancellor merkel's statement that they would
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not engage in unconditional buying bonds from stricken members and another development the i.m.f. is warning france that it needs more cuts to avoid becoming the next victim of the debt crisis and it can economics also patrick young says process problems start at noida. the problem is these aren't things that have just happened suddenly i mean the french budget deficit has been in a deficit the french budget since one thousand nine hundred seventy four i mean lives are things that have been going on for thirty or forty years it's absolutely ludicrous untruthfully governments need to stop spending and they need to be very realistic about their budgets and there are fundamental huge problems going all the way through the euro zone and we don't have any leaders who are willing to give us a sustainable solution this is typical of contagion we've been talking about it for weeks we have you know when you get some degree of illness and it goes through the
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body ultimately you have to decide when to amputate it and the truth is we should have amputated greece from the euro zone long ago we've got the situation at the moment where provincial libraries in northern germany are being closed because the money isn't there because it's been. when used to fund people in the mediterranean i think german voters are going to get very angry about that very very soon and i actually think the political will is not there amongst the people to endlessly keep bailing out their solve their neighbors it's going to be a huge problem because ultimately the contagion is going to hit and i really do believe that after last week's events unfortunately we only inched closer to the idea of the total your real meltdown a few days ago u.s. secretary of state hillary clinton rushed to reassure asian leaders they dared debate would be settled on time and no default would take place now beijing seems to be losing patience with the situation in washington over raising the country's debt ceiling an issue that has to be agreed by capitol hill by next tuesday and for
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some expert analysis on this one are joined by daniel mcdowell political economy research at the university of virginia daniel thank you very much indeed for your time so while the u.s. government still struggles to agree on raising the debt ceiling it seems that china which is america's biggest credit ses finding losing patience for a real point to how this potential default going to affect china. well the financial standpoint obviously china is not going to be pleased the united states has the interest payments for several reaks already going to take in your bet the august second deadline reaching for the party leaders in washington to agree to raise the debt ceiling which of course is going to happen sooner or later. you expect a response from china or exalting are a massive amount of goods treasury goods or protesting by refusing to buy any program because frankly that's not in china's interest so i don't think they have
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a lot of options open to just use rhetoric and express their dissatisfaction with the situation but there was much to begin with. what's going to be china's next move in case an agreement is not reached. well i think they're going to do it everyone else is going to do not simply just to sit back and watch and again as i said the reality of the situation is not that the markets are refusing to lend to the united states it's that the mystic politics are not allowing united states to barrow once the debt debt ceiling agreement is reached it will be reached and i still think it will happen before the august second deadline i want an agreement is reached markets are going to continue to run to the united states because frankly the u.s. debt market is the deepest and most liquid market china has a pretty billion dollar trade surplus with the united states from last quarter alone it has to do something with this cash and frankly the u.s. debt market is the best market the best option would have been by us that also helped stabilize the iran and china wants to keep you want undervalued that's part of its overall economic strategy so i really don't see things changing that much
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will the biggest cost to us probably to the united states reputation and china could really capitalize on that by working with the responsible economic powers yet i'd still beijing could potentially drop the american dollar lead because that currency what will that mean for full for the average american really. the reality of the situation again is these sort of doomsday scenarios the notion that that china would just drop the dollar. but you could just offer something like that is entirely and rightly the reality is the world today still does not have a rival to the dollar despite. despite the rise of the here in the last decade we've seen what's happening in europe at the moment. is not the way as a decade ago there is no currency like the dollar there is no debt market like the u.s. debt market and so i don't see that happening i really don't see any drastic change about my take on this is that i once had an agreement was reached between some of
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my usual realm who were actually return to normal china will continue buying us but in the united states we'll continue to shoot to china now over time in the wrong when things are certainly change the battery is declining but it's not going to happen overnight and i don't think at the. it is going to be it's going to affect the international cuisine markets that much what it's going to affect is the average american in a pretty in a pretty tough when i think. the right set in that america is one of china's biggest customers that can beijing now afford bad relations with washington. will certainly be the relationship economic relationship between trying to be at its mutually beneficial obviously given the difference in political regimes there's always tension. but that hasn't stopped either side from continuing the coalition ship they have been trying to get has a very rough trade surplus with the united states they have to do something with this money so what it does is it buys u.s. treasuries which have always been a very safe bet the united states has never defaulted on its debt and that's a rather it's a very safe and sound investment in beijing as it has for four years now found that
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that's the best place to start a cash i don't see that changing again it would don't but the issue here is the united states is going to have a go on its face if this is a good default so already looks bad because the two thousand and eight financial crisis originated here in the states and in fact two thousand and ten with the federal reserve it acted a second quantitative easing program where where bought treasuries and we're after a community so it was an effort to depress the value of the dollar which was he was really self-serving and now had to fail that that would happen would be the third strike in the last three years against the united states and again china is saying here to rise or get out of our looking responsibility with respect to the united states and when it could be the winner here right now looks like we're seeing china losing patience will we see other investors joining the chorus i think you're going to see. it will creasing caca pony from from the international markets over the next few days as an agreement because it continues to stall but again at this point
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there are a lot of other places for china to go with its cash. we've seen to date that the interest rate on your. still hasn't really changed even though we're getting very close to default and that's simply because to me in to still be even though we're just days away from a potential defect that just goes to show the power. of the u.s. dollar and of the u.s. debt market it's a unique situation it's really seem good in its in its uniqueness and its depth and its liquidity and that's why there's still an appetite for us that you've been reading from the department again it's because markets are happy to lend to the united states it's that politics one of the united states to. the right and danielle say that agreement is no reached so how will that damage the u.s. refutation well light i think it would be a very significant prayer. mainly because again not because there would be you know
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a week or two debate of interest payments to countries that want us dead now but obviously that would obviously be something these countries with the right the biggest are going to be this concert reputation in the back of the united states has never defaulted on its debt is something that it's something that is the reason people are attracted to buy u.s. debt in the first place and it's what's enabled to the united states to deficit spend good decades now because there's a insatiable appetite for its debt defecting i would say that would be like i said it would be the third strike against the u.s. in three years it would make it look we're responsible it's going to be harder for the united states to go to china and say you need to. allow your currency to appreciate china or to say well you know maybe you should not have developed about your debt it's sort of like throwing stones and we're going to grass out as the saying goes once the united states step back it's pretty hard to look at other countries and say you need to fix your own problems. write it down your mcdowell from the university of virginia thank you very much indeed for you all right thank
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you. well beyond our financial crisis for some is an opportunity for others with money in short supply for companies in the west they're taking their operations and dollars to the cheaper east ortiz preassure looks at how the american downturn is great news for india. it's the great recession of the twenty first century what started as a collapse in the housing market in the united states has led to unemployment hunger and debt crises around the world and while countries are struggling to protect their interests increasingly western businesses are shifting their work east to cut costs welcome to guard down a modern suburb of new delhi everywhere you look there offices of american companies at the sign of the importance the united states has placed on this country during the financial crisis according to recent outsourcing reports american companies have been free production in that country as much as seven times
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in the past three year. carrier corporations is a multi-billion dollar american heating and ventilation company they say that over the past decade their business has shifted from being seventy percent u.s. base to just forty percent today we moving cautiously in that direction so the idea is to have a good balance it's not about being focused on one market together but having a good balance and obviously you know. markets like india china and asia as such continue to be called areas for us globally. and carrier isn't alone according to the u.s. department of commerce the same number of jobs that have been cut from the united states in the last decade have been added to these companies overseas operations it's a phenomenon that angers many americans who are struggling to make ends meet i think it's despicable disgusting and we have people here that have worked here all of their lives in a losing jobs left and right because somebody on top wants to make a buck and pay the cheapest possible deal or more mine dollars to go to stimulate
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the economy here in america i think the american companies should hire american workers. because of the shrinking middle class and the fact that middle class wages are decreasing over the last thirty years so many people here they don't have jobs due to me. and i do think that is the wrong thing to do. over thirty and it's not just manufacturing work american i t. companies and innovation jobs are also moving here in droves as well as huge savings on wages many companies say india's fast growing economy and young workforce make it a desirable place to find staff there are amazingly talented people here in the part of the workforce and you know it's a matter of helping other other markets understand you know there are very talented people here who can do a lot of great work and it's not just about outsourcing and it's growth that these american companies don't anticipate will end anytime soon within the markets
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we have a good old from the last forty others almost maybe person this last thing as petition to be would like to double the business to five games a confidence not often found among their colleagues in the west preassure either r t new delhi india. the commander of rebel forces in libya has been killed along with his aides abdel fatah younes it was arrested by rebel authorities for questioning about his alleged family ties a little better leader colonel gadhafi the second stars of his death are still unknown but did national transitional council save a commander was shot dead by pro khadafi assailants and told you this was a former leader an interior minister who defected to the rebel side in february that is why he trusted ways advisor at the at a terrorism call it says there are conflicting reports over the killing. there are two theories here theory number one is that he has been in communications seems
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according to some reports with the regime of khadafi and therefore he has been called upon for investigation what is unknown according to this theory is that why he was killed while he was going for the investigation the second theory which could be even more serious or dangerous is that he could have been eliminated by a faction in militia faction within the council within the rebels and both series tells us that now washington and brussels i guess are going to be very concerned about the internal military situation inside the rebel camp the consequences of his killing could be. short to ramification or vast ramifications if indeed he was only an individual or even a high ranking official who still relationships with the gadhafi regime then his killing will be it will be the end of the story by if it's the other case is he and
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others inside the council the interim council of the big guys the power have been in opposition to another force a militia force it could be other military opponents it could be the islamist militia of the jihadist or another tribe if the case is deeper then the concern is more serious in the west that there could be more clashes in the future or more tensions within the military camp at a time where the rebel seems to be on the offensive so we're going to wait and see the results of the investigations and most likely the nato command would want to be part of these investigations. and right now he talks exclusively to iran's foreign minister about the country's nuclear program and the possible ways out of the deadlock.
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the worst the suspicious of iran's nuclear program what is iran doing to convince the west that you nuclear program is intended to serve peaceful purposes. being the only international body that has the authority to evaluate our activities. a new state is allowed to accuse iran regarding its nuclear program bedside i.e. a bang to raise or to initiate any international action against iran this is why we pay no attention to the west claims regarding our nuclear research iran is a member of the i.a.e.a.
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and a party to the nonproliferation treaty iran is going to respect that treaty since nuclear nonproliferation is in our interests as well i confirm that iran has made its intentions quite clear with regard to its nuclear program proving that it is peaceful this is further reaffirmed by the fact that the i.a.e.a. did not state in any of its reports that there is any military activity going on in iran's nuclear sector as for their intentions how come the united states accuse us of pursuing non peaceful purposes while america itself was the first nation ever to use nuclear weapons killing hundreds of thousands of innocent civilians in japan this is why we have no faith in america's intentions as history shows it cannot be trusted during. a war with iraq saddam's regime used chemical weapons against iran but we did not respond in kind since around policies based on shari'a law which forbids us from producing storing or using nuclear weapons at least the foundation for our constitution our policies and their views. the
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west has insisted on establishing control over your in human richmond in iran while iran remains reluctant colon can this situation continue. i mean the iran has reached a point in its nuclear research where it is impossible to stop or go back nuclear technologies have developed into a domestic industry becoming a fact of life for many iranians now that we have educated and trained phase ins of nuclear scientists how can the west or the entire world stop us from enriching uranium us for how the situation is going to develop there is no limit to discussion dialogue and negotiation we see it as a test for ourselves for our patients under insurance throughout our history we have managed to prove to the world that iran does not give up in the face of suppression and still it we are ready to pay any price and withstand anything that is no point in being enemies with iran the more they threaten and pushes the more determined we become to move on. what decision did you make following russia's
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proposal to settle the nuclear dossier issue what are the main provisions of this proposal. first of all i would like to thank russia for its constructive efforts aimed at finding a settlement to iran's nuclear program as far as we are concerned we consider this proposal to be a step forward for breaking the deadlock that's why we view russia's proposal as a positive step however while iran seeks a new initiative to settle its nuclear problem the west continues claims that iran is producing missiles capable of carrying nuclear warheads this kind of behavior convinces us that the west does not want a fair solution that it wants to iran to succumb to western influence and obey its orders but iran is ready for negotiation and cooperation with any parties in accordance with a rules based on a new initiative to be put forward. what can you say regarding iran u.s. relations does iran intend to resume them.
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i mean we have stated time and again that iran wants to have good reasonable relations with all countries except for the zionist state as for their relations with was. until they all depend upon us actions towards iran if they remain hostile there will be no relations full stop however if washington changes attitude toward iran and replace this is still a he with a sense of equality and respect for iran's sovereignty and independence then the essence of our relations will chain's unfortunately there is no evidence that the u.s. is ready to put an end to its enmity against iran america's actions in its wars against afghanistan and iraq speak for themselves innocent civilians are being killed in most countries certainly what i'm saying does not apply to the american people will respect the people of america and the american public for their enormous contribution to global industrial and technological development therefore i address my words the u.s. government and i believe that its policies are unreasonable and based on the logic
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of force this is absolutely unacceptable to iran. let's take a look at what's going on in syria how is this situation in syria different from that in you around. that is a fight a serious concern and we should carry out an argument and reasonable analysis of what has been happening in that country iran supports any mass revolutionary action as long as the pursued legitimate demands as was the case in tunisia egypt yemen or any other country but only on condition the such protest activities should be free of foreign interference iran does not tolerate meddling in other country's internal affairs with regard to its own foreign policies what we see here is a clear picture of foreign involvement serving colonialist interests the present government of serbia and particularly president assad had pledged to ensure the citizens' rights and they have delivered on a lot of their promises syria plays a very important role in the region it has significant influence in the middle east
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being at the forefront of resistance against the zionist state and the pressure currently exerted on syria is directly related to this country's role in such resistance you can be sure that if syria were to manifestly give up this rule the pressure and the sanctions against it would cease immediately but i am sure that syria will make it through this difficult period and preserve its position in the region. the palestinians are currently intending to persuade the international community to recognize the postilion state in its nine hundred sixty seven borders what is iran's attitude towards this issue do you support the palestinians and their policies. i mean. we are convinced that the whole of the palestinian land belongs to all palestinians and we will not accept anything that would involve a mere part of palestine we will only accept a single and divided palestine in iran's opinion palestine belongs to the palestinians regardless of whether they are muslims christians or g.d.s.
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therefore we welcome and support any measures aimed at bringing about a palestine for all palestinians. the book. it used to be you know ideal place for a holiday. to change in a moment. the good news is you are still visible. the republic is not only relieved but also should be the future.
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hello again this is all see coming to life from moscow to headline. division bells belgium is in danger of breaking into the south seeks to join fronts this has sparked a wider fears that europe could front change the ethnic groups and destroy the union. more violence and already troubled land serbs and call smiles clash over a border checkpoint and u.n. security council has held an emergency meeting to discuss the situation that they
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were questionable great. also germany's finance minister draws a line under years and dad saying bailouts in the future will be severely limited and that it chancellor angela merkel took a similar hard line when she said but live well north unconditionally by i think by . it's up to struggle it's. us china the nation take no beijing loses patients over washington's inability to agree a day full plan as america's largest creditor china will be left holding the bag next choose date when the u.s. could potentially default on its. next takes you to a corner of the baltics that spent the past two decades talking its soviet legacy. to me as is the capital of live you wait here the city changed hands many times during the twentieth century after world war one the poles were in charge then
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during the second world war nazi germany took control when the soviet army drove the fascists out of the baltics the city became if you a news competent once again of the country joining the soviet union. they like saying in russia we liberated the lithuanian people from that see germany it's true that i added the following yes you did but you didn't bother to leave afterwards should be with. you when perestroika go to underway in the late one nine hundred eighty s. it was one of the first soviet republics to demand independence. was far as we are concerned phone use is the capital notes moscow that's the way it's has been and will it be in the future. the confrontation between the soviet empire is weakening center of the rebellious baltic republic resulted in street clashes. fourteen people were crushed by tanks hundreds would be. nice that is the town came to hold.

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